All tagged state treasurer

N.C Department of State Treasurer Announces Extensive Implementation of Artificial Intelligence

(Raleigh, N.C.) —  After spearheading the first North Carolina state government artificial intelligence (AI) pilot program one year ago, the N.C. Department of State Treasurer has now integrated AI into daily department workflow. After the pilot showed increased productivity across two teams using ChatGPT, the department continued testing use cases and multiple AI engines. Now, the testing phase is complete, and training and implementation of AI is taking place throughout the department. 

Treasurer Folwell Submits Framework for Draft Legislation to Enact NC 401(k) Employer Match for All State Employees

State Treasurer Dale R. Folwell, CPA, has submitted a framework for draft legislation that introduces a monthly $25 employer match for nearly 350,000 active members in the Teachers’ and State Employees’ Retirement System (TSERS), Consolidated Judicial Retirement System (CJRS), Legislative Retirement System (LRS) and the Optional Retirement Program (ORP).

State Treasurer Exposes Hospitals' Overcharges in Cancer Drug Pricing

North Carolina State Treasurer Dale R. Folwell, CPA, released a report today finding that 340B hospitals billed state employees an average price markup of 5.4 times their discounted acquisition costs for oncology drugs. Hospitals generated average spread profits as high as $13,617 per claim on cancer drugs paid for by the North Carolina State Health Plan for Teachers and State Employees.